scamFRAUDalert see it appropriate to issue this ALERT as Home Remedy Center aka Prudent Law Group aka Remedy Center aka Remedy Group offer loan modification services and request upfront fees.
California Law Cal. Civ. Code § 2944.7(a) (2009), Cal. Bus. & Prof. Code § 10085.6(a) (2009 expressly prohibits the collection of fees before service is completed.
Call the Mortgage Loan Activities Unit at (916) 263-8941
California Main Office
4341 Birch St.
Newport Beach, CA 92660
Florida Main Office
618 E. South Street
Suite 500
Orlando, FL 32801
(800) 994-4007
Home Remedy Solutions
4500 Campus Drive Suite 430
Newport Beach, California
USA
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On October 11, 2009, California modified the California Civil Code, Business & Professions Code, and Financial Code to prohibit the upfront payment of fees by homeowners to anyone assisting with loan modifications. The most important provisions of the law are included below.
General Provisions
No person or company – including attorneys and real estate agents – can demand advance payment for providing loan modification services in California. Cal. Civ. Code § 2944.7(a) (2009), Cal. Bus. & Prof. Code § 10085.6(a) (2009).
Attorneys cannot request or collect a retainer until after the loan modification services promised have been fully performed (even if they are holding the money in a client trust account). Cal. Civ. Code § 2944.7(a)(1).
This ban on upfront payment applies to loan modification agreements entered into on or after October 11, 2009 and stays in effect until January 1, 2013. Cal. Civ. Code § 2944.7(e); Cal. Bus. & Prof. Code §§ 6106.3(b), 10085.6(d).
Any homeowner who paid a fee after October 11, 2009 on an agreement entered prior to that date must be given a refund.
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My Modification Loan
©2012 My Modification
My Modification Loan
1025 Old Country Road,
Westbury, New York 11590
(714) 878-5683
http://www.mymodificationloan.com
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